STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: February 24, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Housing & Neighborhood Revitalization
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize (1) a preliminary adoption of Substantial Amendment No. 3 to the FY 2020-21 Action Plan for the HOME Investment Partnerships Program (HOME) to (a) reduce the HOME grant amount by $4,302,343.26 from the CHDO Development and Operating Assistance, Development Loan Program, Dallas Homebuyer Assistance Program and Home Program Administration; (b) reduce the unit production anticipated from 139 units to 32; and (2) a public hearing to be held on March 24, 2021 to receive comments on Substantial Amendment No. 3 to the FY 2020-21 Action Plan for the HOME Program - Financing: No cost consideration to the City
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BACKGROUND
In accordance with Resolution No. 20-1845, the City Manager is authorized to reimburse funds to the U.S. Department of Housing and Urban Development (HUD) for expenditures identified by HUD as ineligible. After three years of negotiation with HUD and after all options were exhausted, Department of Housing and Neighborhood Revitalization (Housing) agreed to a reduction in FY 2020-21 HOME funds in the amount of approximately $4.3M to address the findings. The reduction in HOME funds will impact production of approximately 139 new housing units anticipated for development in FY 2020-21. Notice was provided to the Housing and Homelessness Solutions Committee of the expenditures determined to be ineligible.
Annually, the City submits an Action Plan to HUD that includes the Community Development Block Grant (CDBG), HOME, Emergency Solutions Grant (ESG), and Housing Opportunities for Persons with AIDS Grant (HOPWA). The Action Plan provides a detailed description of programs and services to be undertaken with the grant funds over the twelve-month period ...
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